Heidmar Maritime Holdings fell 1.9% this week to $0.82, extending a month-long slide despite a 6% drop in short shares. Cost to borrow climbed 11% week-over-week to 4.5%, while utilisation surged to 23.7% from single digits days earlier. B. Riley remains the sole active analyst with a $3 target — 40% below last summer's $5 call.
HMR closed Friday at $0.8195, down 1.9% for the week and 4.2% over the past month. The stock gained 1.2% on the last session but remains near multi-month lows. No market cap data is available for the oil and gas storage and transportation firm.
Estimated short interest stood at 154,806 shares on April 23, down 6% day-over-day and 1.3% from a week earlier. The month-long view shows a 21.6% climb from late March. FINRA's April 15 settlement reported 156,852 shares short with days to cover at 3.82.
Cost to borrow rose 10.8% over the week to 4.50%. The metric has climbed steadily from a March 16 low of 3.93%. Over the past month CTB is up 8.8%.
Utilisation jumped to 23.68% on April 23, more than double the 11.2% reading from April 22. The metric sat below 10% for most of the prior week. The 52-week high was 75.92%.
B. Riley Securities holds a Buy rating with a $3 target, implying 266% upside. Analyst Liam Burke lowered the target from $5 on March 25. Burke initiated coverage last July at $5. Maxim Group opened with a Buy and $7 target in April 2025 but has not updated since.
The mean target of $2.50 reflects the stale Maxim call. B. Riley's March downgrade cited the 63% plunge in the Baltic Capesize Index from Q3 2024 and a 9.9% dip in Capesize rates in Q2 2025. The bear case notes cooling second-hand vessel values across Capesize, Panamax, and Supramax categories. The bull case points to a 7% year-over-year rise in bauxite trade and steady steel production supporting pool management expansion.
Enterprise value stood at $29.2 million as of year-end 2026. Percentile ranks show the stock at the 71st percentile for sector score and 33rd for short score. Dividend score ranks at the 26th percentile, utilisation at 23rd, and days to cover at 32nd. Analyst recommendation differential sits at the 50th percentile, earnings surprise at the 10th.
Pankaj Khanna holds 26.3 million shares, 45.1% of the company, adding 8,333 shares in Q1. Co-founder Miltiadis Marinakis owns 26.2 million shares, 44.9%, unchanged from November. Three executives — Vasileios Loutradis, Andreas Konialidis, and Elpiniki Fotiou — reported new stakes in late March and early April totaling 292,930 shares. Citadel added 10,739 shares to reach 23,785 in Q4. Renaissance Technologies and Jane Street each opened new positions of 11,100 and 11,751 shares.
The last reported trades date to April 2024. CEO Maximiliano Ojeda, COO Julian Groves, and Executive Director Virginia Hilfiger each received 475,000-share awards on April 23, 2024. CFO Dana Perez received 100,000 shares. All were zero-price stock grants. Net 90-day insider activity is zero.
Heidmar is scheduled to report earnings May 6 at 8:00 PM UTC. The company last reported March 24. No transcript or prior earnings-reaction data is available for recent prints.
See the live data behind this article on ORTEX.
Open HMR on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
